Been away 2 weeks helping daughter extend her house. Arsed off the ladder & came back with a coupla cracked ribs. The things we do. And no internet.!!!! I see the Euro is about to pass the point of NO return.

Cesarnc's market talk, gossips, rumours & fun

I'm thinking more like 75%. This could be an ABC with C ending at around 1.0860. However I think we are in wave 3 of the retrace which should end around 1.0950. Wave 4 however may drop back as far as 1.08 before wave 5 kicks up to 1.11. Time will ...

Cesarnc's market talk, gossips, rumours & fun

Too early to call yet but EU may have bottomed out. ??? At least a major retrace is building. Time to drop shorts & start building longs. Next week should tell for sure.

Cesarnc's market talk, gossips, rumours & fun

EU is a dog which I trade very sparingly. A decent retrace appears to be building & may take off after the NFP bullshit on Friday. Charts as I see the possible scenario.

Cesarnc's market talk, gossips, rumours & fun

Forget the retrace. We are back to the main chart prospects.

Cesarnc's market talk, gossips, rumours & fun

And down she went whilst I slept. I see you've been busy chonchy. Well done mate.

Cesarnc's market talk, gossips, rumours & fun

[quote=chonchy;9278563] The bitch is still not ready to commit though.

Cesarnc's market talk, gossips, rumours & fun

Still use that system taught by KiwiOz. Only way to find targets in both directions for me. Cheers.

Trading Divergences

Sure it does but trading divergence alone can be dangerous. Take your chart for instance. How many traders got caught out by that double top.?? Which by the way, your indicator failed to acknowledge.

Trading Divergences

[quote=CrazyOz;9274435] Almost got there. Long to 1.07 now.

Cesarnc's market talk, gossips, rumours & fun

However, nothing ever goes in a straight line. Although the higher time frames target 77, the 1H is showing a possible move North first.?? Be prepared. The EU may drag this up temporarily.

EUR/GBP - What a great pair to trade!

[quote=chonchy;9274134] This contrary bitch could head North at any moment but a little trip back to 1.0575 would not surprise me.

Cesarnc's market talk, gossips, rumours & fun

Yup. Longs are out & 77 is my ultimate target

EUR/GBP - What a great pair to trade!

Price failed to make as far down to 84 & now the bounce is in motion & could make it all the way back to 89....77 still on the radar further down the track

EUR/GBP - What a great pair to trade!

[quote=CrazyOz;9270818] We got the 1.0630 & now 1.0700 is showing as a possibility. 1.0470 may have to wait

Cesarnc's market talk, gossips, rumours & fun

[quote=chonchy;9270837]

Cesarnc's market talk, gossips, rumours & fun

[quote=chonchy;9270810] I'm thinking 1.0630 then on down to 1.0470.??

Cesarnc's market talk, gossips, rumours & fun

[quote=chonchy;9270546] 1.0470.???

Cesarnc's market talk, gossips, rumours & fun